Is Ledger Nano S REALLY SAFE ?? Best Hardware Wallet ?

[bjbear123]

Hi,

Is the Ledger Nano S REALLY SAFE ? Is this the best way to store crypto ?

Is there a chance Ledger has access to our funds ? Are the private keys pre-generated and recorded by Ledger ?

(I like that the Ledger Nano S is 'Tamper Proof' So I can buy one from a authorised seller)

Does any one here use the Ledger Nano S ?

Thank you

[bjbear123]

Any thoughts anyone ?

[OmegaStarScream]

You can never go wrong with Trezor or Ledger nano S. No, the private keys are not stored in their servers, they never leave the device and you can wipe and generate new wallet multiple times.

[bjbear123]

Thanks, Do you use a hardware wallet also then ?

[Vanessa02]

Yes, very interested in nano s, waiting for reviews from users. Also, have anyone already bought a ledger blue??

[nexus2k14]

Hi,

Is the Ledger Nano S REALLY SAFE ? Is this the best way to store crypto ? Is there a chance Ledger has access to our funds ? Are the private keys pre-generated and recorded by Ledger ? (I like that the Ledger Nano S is 'Tamper Proof' So I can buy one from a authorised seller) Does any one here use the Ledger Nano S ?
Thank you.

Hardware wallets are the best way to store cryptocurrencies because of the offer highest level of security. For example, both Trezor and Ledger Nano S require press psychical buttons in order to "send transaction" This can't be skipped by the hacker that gained control on your PC with hardware wallet connected. Ledger Nano S requires PIN code in case you lose your wallet. After three incorrect guesses, the device will wipe itself. Ledger Nano S store your private keys in secure enclave environment - offline. In comparison Bitcoins and private keys stored on an online computer a way more easy to hack and steal.
Ledger Nano S have Anti-Tampering Seal but is highly recommended to buy from an authorised seller (eBay seller could open brand new Ledger and write down private keys then sell and take your funds in future) Ledger Nano S also supports Passphrase - extra addition to 24-word recovery phrase.
Simply saying hardware wallets are built to secure your money and are a safe way to store cryptocurrencies.

[tyuner4]

I use a Ledger Nano and it is safe in my opinion. The private key stay in the hardware wallet and won’t be exposed when you authorise payment through web browser. A good investment to safeguard our coins.

[shivansps]

Any wallet either Trezor, Ledger or keepkey is very safe as it's belongs to the cold wallet types. Which means your private keys stores inside wallet and will be never exposed. Also it's safe to trade because you will have to proof you transaction in the wallet physically. So I think it's worth the money

[bjbear123]

Hi,

Is the Ledger Nano S REALLY SAFE ? Is this the best way to store crypto ? Is there a chance Ledger has access to our funds ? Are the private keys pre-generated and recorded by Ledger ? (I like that the Ledger Nano S is 'Tamper Proof' So I can buy one from a authorised seller) Does any one here use the Ledger Nano S ?
Thank you.

Hardware wallets are the best way to store cryptocurrencies because of the offer highest level of security. For example, both Trezor and Ledger Nano S require press psychical buttons in order to "send transaction" This can't be skipped by the hacker that gained control on your PC with hardware wallet connected. Ledger Nano S requires PIN code in case you lose your wallet. After three incorrect guesses, the device will wipe itself. Ledger Nano S store your private keys in secure enclave environment - offline. In comparison Bitcoins and private keys stored on an online computer a way more easy to hack and steal.
Ledger Nano S have Anti-Tampering Seal but is highly recommended to buy from an authorised seller (eBay seller could open brand new Ledger and write down private keys then sell and take your funds in future) Ledger Nano S also supports Passphrase - extra addition to 24-word recovery phrase.
Simply saying hardware wallets are built to secure your money and are a safe way to store cryptocurrencies.

Hello,
I did just buy a Nano Ledger S from eBay, from this seller : https://www.ebay.co.uk/itm/Ledger-Nano-S-CryptoCurrency-Hardware-Wallet-Bitcoin-Official-Distributor-UK/263120752907?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2060353.m1438.l2649

If you look on https://www.ledgerwallet.com/retailers the seller from eBay, I purchased from is an authorised reseller. Also they have a online store: https://smoothbuying.com

The only reason I brought from eBay is because it is next day delivery for me, and I get no hassle returns if needed.

[bob123]

Any wallet either Trezor, Ledger or keepkey is very safe as it's belongs to the cold wallet types.

The wallets you mentioned aren't cold wallets at all. A cold wallet is a wallet which is never connected to the internet (in no circumstances).
With Hardware wallets (Trezor, Ledger, Keepkey) you are able to access your coins at any time (Internet connection + doable on infected PC).

Which means your private keys stores inside wallet and will be never exposed.

Isn't this the sense of a wallet? Each wallet 'should' never expose the private keys generated within itself.
With a hardware wallet its basically not possible to get the priv key out of the device (assuming there are no bugs/exploits available, which can be the case!).

@OP:
Its perfectly fine to use a HW like ledger or trezor to store your coins (even large amount of coins).

[RGBKey]

Ledger Nano S have Anti-Tampering Seal but is highly recommended to buy from an authorised seller (eBay seller could open brand new Ledger and write down private keys then sell and take your funds in future)

This is not true. The wallet does not come with a tamper proof seal, as it is not required. The hardware checks itself every boot. See their support website here. An eBay seller could not write down your private key as long as you initialize your device before using it, generating a new set of keys.

[jerry0]

Ledger Nano S have Anti-Tampering Seal but is highly recommended to buy from an authorised seller (eBay seller could open brand new Ledger and write down private keys then sell and take your funds in future)

This is not true. The wallet does not come with a tamper proof seal, as it is not required. The hardware checks itself every boot. See their support website here. An eBay seller could not write down your private key as long as you initialize your device before using it, generating a new set of keys.

So when you get the nano ledger s... as long as you reset it, then your are fine 100 percent right? 

[mocacinno]

Ledger Nano S have Anti-Tampering Seal but is highly recommended to buy from an authorised seller (eBay seller could open brand new Ledger and write down private keys then sell and take your funds in future)

This is not true. The wallet does not come with a tamper proof seal, as it is not required. The hardware checks itself every boot. See their support website here. An eBay seller could not write down your private key as long as you initialize your device before using it, generating a new set of keys.

So when you get the nano ledger s... as long as you reset it, then your are fine 100 percent right?  

IF you got it from an authorised seller, and you receive a box that is still in it's original packaging, you're safe...
IF you bought it from an unauthorised seller, there is alway the THEORETIC possibility he messed with the hardware and firmware, and when you initialise your hardware wallet without paying attention and testing if the firmware is original, you don't see a random seed, but rather a seed that was generated by the fake hardware from the fake seller (so the fake seller knows you will probably generate one of his 100? pre-programmed seeds).
This option is for the truely paranoid tough

[bjbear123]

Ledger Nano S have Anti-Tampering Seal but is highly recommended to buy from an authorised seller (eBay seller could open brand new Ledger and write down private keys then sell and take your funds in future)

This is not true. The wallet does not come with a tamper proof seal, as it is not required. The hardware checks itself every boot. See their support website here. An eBay seller could not write down your private key as long as you initialize your device before using it, generating a new set of keys.

So when you get the nano ledger s... as long as you reset it, then your are fine 100 percent right?  

IF you got it from an authorised seller, and you receive a box that is still in it's original packaging, you're safe...
IF you bought it from an unauthorised seller, there is alway the THEORETIC possibility he messed with the hardware and firmware, and when you initialise your hardware wallet without paying attention and testing if the firmware is original, you don't see a random seed, but rather a seed that was generated by the fake hardware from the fake seller (so the fake seller knows you will probably generate one of his 100? pre-programmed seeds).
This option is for the truely paranoid tough

Hello,
I did just buy a Nano Ledger S from eBay, from this seller : https://www.ebay.co.uk/itm/Ledger-Nano-S-CryptoCurrency-Hardware-Wallet-Bitcoin-Official-Distributor-UK/263120752907?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2060353.m1438.l2649

If you look on https://www.ledgerwallet.com/retailers the seller from eBay, I purchased from is an authorised reseller. Also they have a online store: https://smoothbuying.com

The only reason I brought from eBay is because it is next day delivery for me, and I get no hassle returns if needed.

[mocacinno]

Hello,
I did just buy a Nano Ledger S from eBay, from this seller : https://www.ebay.co.uk/itm/Ledger-Nano-S-CryptoCurrency-Hardware-Wallet-Bitcoin-Official-Distributor-UK/263120752907?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2060353.m1438.l2649

If you look on https://www.ledgerwallet.com/retailers the seller from eBay, I purchased from is an authorised reseller. Also they have a online store: https://smoothbuying.com

The only reason I brought from eBay is because it is next day delivery for me, and I get no hassle returns if needed.

As long as it's an authorised reseller, i wouldn't worry to much... I bought a ledger HW.1 and a ledger nano S, and IIRC, the boxes were packaged in plastic, and if memory serves me right, at least one of them had a security seal (on the box). To be honest, i bought both devices when they first hit the market, so it has been a while since i did an official "unboxing". Anyways, if you use the official bootable usb image to initialise your ledger, and you make sure it has the latest firmware from ledger, and use the official ledger chrome plugin to open the wallet for the first time, i think you're very close to being 99,99% safe

[RGBKey]

Hello,
I did just buy a Nano Ledger S from eBay, from this seller : https://www.ebay.co.uk/itm/Ledger-Nano-S-CryptoCurrency-Hardware-Wallet-Bitcoin-Official-Distributor-UK/263120752907?ssPageName=STRK%3AMEBIDX%3AIT&_trksid=p2060353.m1438.l2649

If you look on https://www.ledgerwallet.com/retailers the seller from eBay, I purchased from is an authorised reseller. Also they have a online store: https://smoothbuying.com

The only reason I brought from eBay is because it is next day delivery for me, and I get no hassle returns if needed.

As long as it's an authorised reseller, i wouldn't worry to much... I bought a ledger HW.1 and a ledger nano S, and IIRC, the boxes were packaged in plastic, and if memory serves me right, at least one of them had a security seal (on the box). To be honest, i bought both devices when they first hit the market, so it has been a while since i did an official "unboxing". Anyways, if you use the official bootable usb image to initialise your ledger, and you make sure it has the latest firmware from ledger, and use the official ledger chrome plugin to open the wallet for the first time, i think you're very close to being 99,99% safe

The ledger team even has an online guide for opening the case and checking that the hardware hasn't been tampered with.

[bjbear123]

Thanks I didn't know that

[lorya]

The ledger team even has an online guide for opening the case and checking that the hardware hasn't been tampered with.

Good to know. Thank you for this info!

[bob123]

How long are hardware wallets (such as ledger) supposed to last?

Depends on how often your hw wallet is being used. The number of write cycles onto the memory cell is the 'crucial' point.
In general they should last 7+ years if you're not using it 24/7.

What if they fail? as pendrives or any other backup device do.

A nano s isn't a backup. Its a hardware wallet which can be used for everyday payments.
The 24 word seed phrase is the backup of your private-/public keys. This phrase can be imported into any BIP39/44 compatible wallet to 'restore your coins'.

[jerry0]

What happens if your ledger nano s no longer works etc?  Could you restore your wallet on a computer if you cannot get another nano ledger s?